Post Utme Wellspring University 2019 Accounting Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2019 Accounting Objective / Multiple Choice
Question 32 POST_UTME_WELLSPRING_UNIVERSITY • 2019 • ACCOUNTING • objective

A partnership is formed by three partners, A, B, and C, who contribute ₦50,000, ₦30,000, and ₦20,000 respectively. If the profit is divided in the ratio 2:3:4, find the share of profit of partner B.

Answer Options

A. ₦24,000
Correct Answer B. ₦36,000
C. ₦48,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦36,000

About This Question

This is Post Utme Wellspring University 2019 Accounting Question 32. It is one of the objective questions from the 2019 Post Utme Wellspring University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support